NOT LISTED FOR SALE

401 Pomelo St Fairhope, AL 36532

Estimated Value: $440,963 - $508,000

2 Beds
1 Bath
861 Sq Ft
$536/Sq Ft Est. Value

Last Sold February 04, 2022

Last sale price $370,000 $430 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,739/month

23 Days on Market

Highlights

  • Wood Flooring
  • Cottage
  • Central Heating and Cooling System
  • Fairhope West Elementary School Rated A-
  • Outdoor Storage
  • Dining Room

About This Home

As of February 2022

An amazing location! Situated on the corner of Pier Ave. and Pomelo sits a DEEDED lot with small cottage. The lot is gently sloping with some tree cover, measures 60' x 155', and tons of potential! The house itself was built around 1940 and is TENANT OCCUPIED. The outbuilding on the back of the property contains washer/dryer hookups and are currently in use. With updated metal roof(2017), and AC (2019), the house still holds value and could be a great renovation project or the start of a larger home build. For a showing or to walk the property please contact your Realtor as this property is appointment only and requires 48 hours notice to see it.

Last Agent to Sell the Property

Derek Stillman

Trustmark National Bank License #98440 Listed on: 11/24/2021

Last Buyer's Agent

Diane Horst

Roberts Brothers Eastern Shore

Roberts Brothers Eastern Shore

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,937

Year Built

  • Built in 1946

Lot Details

  • 9,278

Home Design

  • Cottage
  • Brick Exterior Construction
  • Pillar, Post or Pier Foundation
  • Metal Roof

Interior Spaces

  • 861 Sq Ft Home
  • 1-Story Property
  • ENERGY STAR Qualified Ceiling Fan
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Electric Range

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Additional Features

  • Outdoor Storage
  • Lot Dimensions are 60' x 155'
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 46-03-37-0-011-086.000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,937

Year Built

Built in 1946

Lot Details

9,278 Sq Ft Lot

Listing Details

  • Class: Residential-Single Family
  • Construction Foundation: Piers
  • Construction Status: Resale
  • Property Amenities: Storage-Out
  • Property Type: Residential Detached
  • Style: Cottage
  • Parcel Id Tax Id: 46-03-37-0-011-086.000
  • Year Built: 1946
  • Geo Subdivision: AL
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Range-Electric, Refrigerator
  • Estimated Living Area: 861
  • Bathrooms: 1
  • Bedroom 2: Dimensions: 10 x 9, On Level: Main Level
  • Bedrooms: 2
  • Dining Area Type: Separate Dining Room
  • Fireplace: Living Room, Woodburning
  • Floors: Vinyl, Wood
  • Kitchen: Dimensions: 9 x 9, On Level: Main Level
  • Living Room: Dimensions: 11 x 11, On Level: Main Level
  • Master Bed: Dimensions: 12 x 10, On Level: Main Level
  • Number Of Fireplaces: 1
  • Price Per Sq Ft: 429.73
  • Property Interior Stories: 1

Exterior Features

  • Exterior Finish: Brick
  • Roof: Metal
  • Water Property Type: No Waterfront

Garage/Parking

  • Garage Parking: No Garage/Carport/Parking

Utilities

  • Heat Cooling: Central Electric, Central Electric (Cool)
  • Utilities: Fairhope Utilities

Green Features

  • Energy Saving Features: Ceiling Fan(s)

Lot Info

  • Lot Block Unit: 3/21
  • Lot Description: Less Than 1 Acre
  • Lot Size: 60' x 155'

Rental Info

  • Incm Producing Potential: Yes
  • Rental Program: Yes

Tax Info

  • Property Taxes: 2936.64
  • Assessor Parcel Number: 013985

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 24, 2021
Closed on
Feb 1, 2022
Sold by
Mullin Joseph Eugene and Mullin Mary Elizabeth
Bought by
Fontenot Paul Emery and Fontenot Nancy Stagg
Seller's Agent
Derek Stillman
Trustmark National Bank
Buyer's Agent
Diane Horst
Roberts Brothers Eastern Shore
List Price
$375,000
Sold Price
$370,000
Premium/Discount to List
-$5,000
-1.33%
Current Estimated Value
$461,241

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,241
Avg. Annual Appreciation
5.52%
Original Mortgage
$277,500
Outstanding Balance
$255,867
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$205,374
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Fontenot Paul Emery $92,500 None Listed On Document
Fontenot Paul Emery $92,500 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fontenot Paul Emery $277,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2022 02/04/22 Sold $370,000 -1.3% $430 / Sq Ft
12/17/2021 12/17/21 Pending -- -- --
11/24/2021 11/24/21 For Sale $375,000 -- $436 / Sq Ft
Source: Baldwin REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,387 $95,380 $78,120 $17,260
2023 $4,182 $90,920 $76,860 $14,060
2022 $3,778 $82,140 $0 $0
2021 $3,101 $67,680 $0 $0
2020 $2,937 $63,840 $0 $0
2019 $2,611 $60,720 $0 $0
2018 $2,275 $52,900 $0 $0
2017 $2,240 $52,100 $0 $0
2016 $2,321 $53,980 $0 $0
2015 -- $45,100 $0 $0
2014 -- $44,640 $0 $0
2013 -- $31,640 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Baldwin REALTORS®

MLS Number: 325889

Baldwin REALTORS®

APN: 46-03-37-0-011-086.000

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